Coinbase probes possible insider trading after sharp rise in bitcoin cash


  • TECH
  • Thursday, 21 Dec 2017

Bitcoin cash, a clone of bitcoin, jumped to US$8,500 (RM34,700) on Coinbase's exchange on Tuesday afternoon, hours before the San Francisco-based exchange launched trading in bitcoin cash.

Major cryptocurrency exchange Coinbase said on Wednesday it will investigate accusations of insider trading, following a sharp increase in the price of bitcoin cash hours before it announced support for the virtual currency.

Bitcoin cash, a clone of bitcoin, jumped to US$8,500 (RM34,700) on Coinbase's exchange on Tuesday afternoon, hours before the San Francisco-based exchange launched trading in bitcoin cash.

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